By Oliver Wiener July 29, 2024 08:51
Photo by AP
Mike Piazza is considered one of the best-hitting catchers in Major League Baseball (MLB) history. In his 16-year career, Piazza demonstrated he was a force with the bat by hitting no fewer than 427 home runs, a record for catchers, and collecting fewer strikeouts. His 12 All-Star appearances and 10 Silver Slugger Awards were split between the Dodgers for 11 seasons and the New York Mets.
Piazza's success between the white lines translated to big-time financial victory outside baseball. Piazza was among the highest-paid players in his era, which is reflected in his net worth. He is among a few former MLB superstars with massive wealth.
Mike Piazza's Net Worth
His current net worth is estimated to be $80 million. Piazza's impressive net worth is due to the lucrative baseball contracts he signed and his wise investments and business ventures.
Baseball Earnings
Piazza earned a total of $121,890,170 in salary over his 16-year MLB career. His biggest contract was a seven-year, $91 million deal with the New York Mets that included a $7.5 million signing bonus. Piazza signed more multi-year deals with the Dodgers and Padres, helping him earn upwards of $120mm during his career.
In his playing days, Piazza also probably earned even more money from endorsem*nt contracts and other business relationships than his base salaries. Although the precise amounts he earned from these residual revenue streams are publicly undisclosed, we can infer that they were, in some way, responsible for his overall net worth.
Post-retirement Ventures and Investments
Since calling it a career in 2007, Piazza has kept busy with business ventures and investments. In 2016, he joined the Baseball Hall of Fame to solidify his legacy and open a new revenue door for public speaking appearances, among other opportunities.
Piazza has dabbled in other businesses, owning and running a minor-league baseball team and an Italian football club. In addition to his business investments, his smart money management has enabled him to accumulate and increase wealth since retiring from MLB.
Piazza's Investments and Active Business Properties
In addition to his baseball income, Piazza has built multiple revenue streams with businesses in various industries. Among his notable efforts are:
A.C. Reggiana 1919
In 2016, Piazza bought A.C. Reggiana 1919 in the Italian soccer league and led it for two seasons before being sent to Serie C after a single season. That investment gave Piazza the opportunity to further his love of football, perhaps with some new revenue streams.
Real Estate and Hospitality
Piazza is an entrepreneur with a career in real estate and hospitality. He has worked on the development of luxury resorts in Italy. These probably served as good passive income streams for years and likely contributed to his total net worth.
Endorsem*nts and Media Coverage
Piazza still earns money from endorsem*nt deals and desperately needs public tokens. Using his name and baseball expertise, he has started working with different brands and organizations to gain exposure and earn extra cash.
Outlook and Future Growth
With Piazza's strong business deals, smart financial decisions, and diverse revenue streams, he is still doing a ton of work compared to his playing days. His net worth should only keep going up over the next few years. With a continuing baseball profile and new investment possibilities, his bottom line could stay high even more.
In addition, Piazza's being inducted into the Baseball Hall of Fame in 2016 allowed him to get more money through speaking engagements, writing books, and other business ventures. By participating in such post-retirement-related activities, a retired athlete can help increase the net worth of their name.
Mike Piazza's net worth is proof that his baseball skills were exceptional and that he knew how to save for his future. Piazza is worth an estimated $80 million today, a sum that has helped to ensure the former MLB star's status as one of baseball's wealthiest and likely cemented his place among future years' richest retired players.
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